M&G PLC ORD GBP0.05
Symbol: MNG
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Company
Business Summary
M&G plc is a United Kingdom-based savings and investment company. The Company operates through four segments: Asset Management, Life, Wealth, and Corporate Centre. The Asset Management segment includes investment management capability, which is offered to both wholesale and institutional clients. The Asset Management segment also manages a significant proportion of Life and Wealth assets it manages. The Life segment operates in the savings and pensions market and includes corporate risk, individual and international solutions. The Wealth segment offers a range of retirement, savings and investment management solutions to its clients. These products are distributed to clients through the wrap platform, intermediaries, and advisers, and include the Retirement Account (a combined individual pension and income drawdown product), individual pensions, individual savings accounts, collective investments, and a range of onshore and offshore bonds.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2024, M&G PLC revenues decreased 5% to £4.85B. Net loss totaled £360M vs. income of £297M. Revenues reflect Fin Inc/Exp from Insur Contr Iss-IFRS 17 decrease of 15% to -£8.43B, Dividend Income decrease of 19% to £1.92B, Fin Inc/Exp frm reinsur ContrHeld-IFRS17 decrease from £39M to -£10M. Net loss reflects Impairment of Goodw increase from £17M to £149M (expense).
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2024 |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
---|---|---|---|---|---|---|
Total Revenue | 4,854.00 | 5,115.00 | -9,431.00 | 14,739.00 | 14,036.00 | 30,682.00 |
Gross profit | NIL | NIL | NIL | NIL | NIL | NIL |
Operating Profit/Loss | 128.00 | 838.00 | -1,322.00 | 656.00 | 3,516.00 | 3,657.00 |
Profit Before Tax | 145.00 | 749.00 | -2,497.00 | 707.00 | 1,605.00 | 1,745.00 |
Profit After Tax | -347.00 | 309.00 | -1,619.00 | 92.00 | 1,142.00 | 1,065.00 |
Equity Holders of Parent Company | -360.00 | 297.00 | -1,632.00 | 83.00 | 1,138.00 | 1,120.00 |
Minority Interest | 29.00 | 31.00 | 35.00 | 40.00 | 4.00 | 3.00 |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2024 |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 184,224.00 | 189,622.00 | 191,560.00 | 219,134.00 | 228,726.00 | 226,243.00 |
Total Current Assets | NIL | NIL | NIL | NIL | NIL | NIL |
Total Assets | 184,224.00 | 189,622.00 | 191,560.00 | 219,134.00 | 228,726.00 | 226,243.00 |
Total Liabilities | 180,901.00 | 185,538.00 | 188,730.00 | 213,789.00 | 223,141.00 | 221,112.00 |
Total Net Assets | 3,323.00 | 4,084.00 | 2,830.00 | 5,345.00 | 5,585.00 | 5,131.00 |
Shareholders Funds | 3,281.00 | 4,041.00 | 2,782.00 | 5,296.00 | 5,577.00 | 5,125.00 |
Minority Interests | 29.00 | 31.00 | 35.00 | 40.00 | 4.00 | 3.00 |
Total Equity | 3,323.00 | 4,084.00 | 2,830.00 | 5,345.00 | 5,585.00 | 5,131.00 |
Outlook
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
24th Feb 2025 | Deutsche | Reiteration | 208p | 230p | 225p | Hold |
6th Dec 2024 | Deutsche | Reiteration | 202p | 0p | 0p | Hold |
11th Sep 2024 | RBC Capital Markets | Reiteration | 209p | 0p | 220p | Sector perform |
5th Sep 2024 | Berenberg Bank | Reiteration | 207p | 0p | 225p | Hold |
5th Sep 2024 | Deutsche | Reiteration | 207p | 0p | 240p | Buy |
17th May 2024 | Berenberg Bank | Reiteration | 206p | 0p | 225p | Hold |
15th May 2024 | RBC Capital Markets | Reiteration | 207p | 220p | 215p | Sector perform |
10th Apr 2024 | JP Morgan Cazenove | Reiteration | 207p | 0p | 225p | Neutral |
20th Feb 2024 | Barclays | Reiteration | 225p | 0p | 205p | Underweight |
20th Feb 2024 | Jefferies | Reiteration | 225p | 225p | 225p | Buy |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
2 Apr 2025 | 10:14 | 195.9 | 11 | Sell |
2 Apr 2025 | 10:14 | 196.05 | 6 | Buy |
2 Apr 2025 | 10:14 | 196.0998 | 9 | Buy |
2 Apr 2025 | 10:14 | 196.25 | 1 | Buy |
2 Apr 2025 | 10:14 | 196.25 | 1 | Buy |
2 Apr 2025 | 10:14 | 196.1 | 6 | Buy |
2 Apr 2025 | 10:14 | 196.25 | 1 | Buy |
2 Apr 2025 | 10:14 | 196.1 | 668 | Sell |
2 Apr 2025 | 10:14 | 196.25 | 1 | Buy |
2 Apr 2025 | 10:14 | 196.25 | 2 | Buy |
2 Apr 2025 | 10:14 | 196.25 | 1 | Buy |
2 Apr 2025 | 10:14 | 196.25 | 1 | Buy |
2 Apr 2025 | 10:14 | 196.15 | 228 | Buy |
2 Apr 2025 | 10:14 | 196.15 | 2,321 | Buy |
2 Apr 2025 | 10:14 | 196.1 | 1,200 | Buy |
2 Apr 2025 | 10:14 | 196.15 | 1,669 | Buy |
2 Apr 2025 | 10:14 | 196.15 | 1,003 | Buy |
2 Apr 2025 | 10:14 | 196.15 | 2,501 | Buy |
2 Apr 2025 | 10:14 | 196.1 | 1 | Buy |
2 Apr 2025 | 10:13 | 195.95 | 3 | Sell |
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